Photo Credit: Jason Miklian & Kristian Hoelscher, PRIO
The global shift from rural to urban living will be the most important demographic transformation of the 21st century. All great shifts create the opportunity for great fortunes, especially for those with audacious visions who are positioned to capitalize on them. Indian industrialist Ajit Gulabchand runs Hindustan Construction Company (HCC), which is responsible for some of the country’s most iconic infrastructure projects. In what might be the single biggest bet in the history of Indian real estate, Gulabchand has staked HCC’s future – and his own family fortune – on a cluster of five planned cities perched along artificial fjords about four hours east of Mumbai. He calls it Lavasa.
Read more in the article posted 14 June in the Harvard International Review.